Overview
What is Norton Properties Inc?
Norton Properties Inc, based in Louisville, Kentucky, is a nonprofit organization that owns and manages properties to support the charitable health care initiatives of Norton Healthcare, Norton Hospitals, Community Medical Associates, and their affiliated entities. With a workforce of 89 employees, they primarily maintain medical office buildings that are leased by physicians and provide office space and parking facilities for hospital staff, physicians, patients, and their families. Their mission is to enhance the healthcare services offered by these organizations by ensuring the availability of suitable facilities for their operations.
Official website here: www.nortonhealthcare.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 81% - Three-Star out of Four Star Rating
Norton Properties Inc has received a Three-Star rating from Charity Navigator, reflecting a solid score of 81%. This rating is entirely based on the organization's Accountability & Finance, highlighting its commitment to financial integrity and transparency. The high score indicates strong governance practices and a strong emphasis on responsible management of resources.
The organization demonstrates a strong independent board structure, with 95% of its members being independent and a total of 21 board members. Furthermore, it has received full marks in key areas such as its audit and oversight committee, policies regarding conflicts of interest, and documentation practices, suggesting a well-organized approach to its operations. The program expense ratio is notably high at 98.40%, indicating that a significant majority of its funds are directed towards its programs.
While the organization's financial practices are commendable, the single focus on Accountability & Finance means that other areas of performance, such as program outcomes or community impact, are not assessed in this rating. Therefore, while Norton Properties Inc excels in financial accountability, potential donors may want to consider seeking additional information regarding its programmatic effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Norton Properties Inc legitimate?
Norton Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Norton Properties Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,342,387
For more financial information, click here
Official website here: www.nortonhealthcare.com
What is the mission statement of Norton Properties Inc?
Norton Properties Inc functions as the property arm of Norton Healthcare, primarily supporting its charitable healthcare initiatives. The organization owns medical office buildings, which are rented by physicians affiliated with Norton Hospitals and other healthcare entities under Norton Healthcare. Additionally, Norton Properties leases office spaces and parking facilities, catering to the needs of Norton Healthcare employees, affiliated physicians, and guests. The primary goal of Norton Properties is to provide essential infrastructure that facilitates the delivery of healthcare services by Norton Healthcare and its associated entities.
Official website here: www.nortonhealthcare.com
Who is the CEO of Norton Properties Inc?
Unavailable The CEO's salary of Norton Properties Inc is $0 and their total compensation is $4,959,205.
Official website here: www.nortonhealthcare.com
What is the revenue of Norton Properties Inc?
Norton Properties Inc's revenue in 2022 was $61,245,122.
Official website here: www.nortonhealthcare.com
Who are the executives of Norton Properties Inc and what are their salaries?
The average compensation at Norton Properties Inc during 2022 was $15,083. There are 89 employees and 2 volunteers at Norton Properties Inc.
Here are 30 key members and their salaries (Norton Properties Inc's CEO's salary is $0 and their total compensation is $4,959,205):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $4,778,102
- Other: $181,103
- Compensation: $0
- Related: $2,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $2,000
- Other: $0
- Compensation: $0
- Related: $2,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $2,000
- Other: $0
- Compensation: $0
- Related: $2,000
- Other: $0
- Compensation: $0
- Related: $2,000
- Other: $0
- Compensation: $0
- Related: $2,000
- Other: $0
- Compensation: $0
- Related: $2,000
- Other: $0
- Compensation: $0
- Related: $2,000
- Other: $0
- Compensation: $0
- Related: $2,000
- Other: $0
- Compensation: $0
- Related: $2,000
- Other: $0
- Compensation: $0
- Related: $2,000
- Other: $0
- Compensation: $0
- Related: $2,000
- Other: $0
- Compensation: $0
- Related: $2,000
- Other: $0
- Compensation: $0
- Related: $2,000
- Other: $0
- Compensation: $0
- Related: $2,000
- Other: $0
- Compensation: $0
- Related: $2,000
- Other: $0
- Compensation: $0
- Related: $2,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $2,000
- Other: $0
- Compensation: $0
- Related: $2,000
- Other: $0
- Compensation: $0
- Related: $1,039,507
- Other: $178,515
- Compensation: $0
- Related: $1,834,089
- Other: $133,598
- Compensation: $0
- Related: $1,116,031
- Other: $90,244
- Compensation: $117,212
- Related: $0
- Other: $39,624
- Compensation: $113,317
- Related: $0
- Other: $36,957
Official website here: www.nortonhealthcare.com
Where can I find the form 990 for Norton Properties Inc?
Norton Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nortonhealthcare.com
Learn more at the official website: www.nortonhealthcare.com
Mission Statement of Norton Properties Inc
Norton Properties, Inc., a key supporter of Norton Healthcare, Inc. (NHC), is a property ownership company with a mission to contribute to the charitable health care causes of NHC and its affiliated entities, primarily Norton Hospitals, Inc., Community Medical Associates, and NHC. The organization holds medical office buildings that are rented by physicians serving on the medical staff of Norton Hospitals. Moreover, it provides office space and parking facilities, ensuring the convenience of NHC employees, physicians, and guests. By doing so, Norton Properties, Inc. plays a pivotal role in ensuring the smooth functioning of the healthcare organizations under NHC's umbrella.
Norton Properties, Inc.'s commitment extends beyond leasing properties for healthcare purposes. It also contributes to the overall well-being of the healthcare sector by prioritizing the comfort and accessibility of its tenants and visitors. The company's properties serve as the workplace for numerous healthcare professionals, enabling them to provide quality care to their patients. Moreover, the easily accessible parking facilities lessen the burden on patients and their families, allowing them to focus on their healthcare needs rather than parking concerns.
In summary, Norton Properties, Inc. is an essential component of Norton Healthcare, Inc.'s network, owning properties that cater specifically to the charitable health care purposes of the organization. Its mission is to provide medical office buildings and office and parking facilities for the convenience of NHC, its affiliated entities, and their respective staff and visitors.
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Impact
October, 2024
Norton Properties Inc has a significant impact on the healthcare landscape in Louisville, KY, by providing essential infrastructure that supports the operations of Norton Healthcare, Inc. The organization owns and maintains medical office buildings that are crucial for physicians associated with Norton Hospitals, ensuring they have convenient access to the necessary facilities to deliver healthcare services.
Additionally, Norton Properties manages office space and parking facilities, greatly enhancing the convenience for hospital employees, physicians, patients, and their families. This support not only facilitates efficient healthcare delivery but also contributes to a more organized and accessible healthcare environment. By offering these properties, Norton Properties Inc plays a vital role in the overall patient experience and the operational efficiency of Norton Healthcare, reflecting its commitment to improving health outcomes in the community.
This information is meant to be a general summary of Norton Properties Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$741,242
- Program Service Revenue: $61,971,592
- Gross Receipts: $74,518,134
Assets and Liabilities:
- Total Assets: $367,229,995
- Total Liabilities: $435,483,193
- Net Assets: -$68,253,198
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$61,661,481
PARKING INCOME
Revenue
$310,111
Organization Details
Founding Year
1981
Phone
(502) 629-8263Main Address
ACCOUNTING 224 E BROADWAY 5TH FLOOR, LOUISVILLE, KY, 40202
Website
www.nortonhealthcare.comNTEE Category
Code: E110 - Health
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